‘It’s not vital to spend five days a week in the office’: the bank boss who works from home
‘It’s not vital to spend five days a week in the office’: the bank boss who works from home
While big beasts on Wall Street rail against WFH, Mike Regnier of Santander UK says he wouldn’t have taken the job if he had had to commute all week
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What's the catch?
"... if you're a bank boss".
Regnier still works from home one to two days a week, and has been even more lenient with Santander’s 19,000 UK staff, with office-based workers only expected to be onsite two days a week.
“I don’t think it’s absolutely vital that people spend all five days a week in the office as they did pre-Covid,” Regnier says from his sixth-floor office near Euston station in London. “And, actually, had it not been for Covid, I wouldn’t have accepted this job, because I wouldn’t have wanted to be away from home five days a week in London. That wouldn’t have been good for the family or for me.”
This has helped Regnier, who is paid £3.3m to run the UK’s fifth-largest bank, gain a reputation as an “approachable” boss, according to a former colleague
Nobody should be paid that much but he's an outlier for the industry in allowing hybrid work at least.
I'm alright with someone being paid that much, so long as they are taxed incrementally and heavily.
Wouldn't be surprised if that's how it shakes out in time or in the reality behind the pr piece but the article does specifically mention that that this extends to employees too and that was actually what the quote in the headline was in reference to specifically.
The catch is none of the lobbyists for the over-leveraged real estate companies have gotten to him yet.
Give it time.